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		<title>Yikes! Congressman Polis: 3.75% &#8211; 2.98% = 1.75% &#8212; &#8220;almost 2%&#8221;</title>
		<link>http://twhit.wordpress.com/2011/07/28/polis-math-deficit/</link>
		<comments>http://twhit.wordpress.com/2011/07/28/polis-math-deficit/#comments</comments>
		<pubDate>Thu, 28 Jul 2011 23:50:54 +0000</pubDate>
		<dc:creator>Tony Whitson</dc:creator>
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		<description><![CDATA[= Note: An updated and expanded post on this is now at http://wp.me/p1V0H-1ri = OK, I know the GOP ideology drunkards with their mantra about job-killing taxes are exhibiting potentially catastrophic ignorance, mendacity, or both. Having said that, what about this stunning performance by Jared Polis (D-CO) in the debate on the House floor today [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=twhit.wordpress.com&amp;blog=391348&amp;post=121&amp;subd=twhit&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>=<br />
Note: An updated and expanded post on this is now at <a title="@ Tony's curricublog" href="http://wp.me/p1V0H-1ri" target="_blank">http://wp.me/p1V0H-1ri</a><br />
=</p>
<p>OK, I know the GOP ideology drunkards with their mantra about job-killing taxes are exhibiting potentially catastrophic ignorance, mendacity, or both.</p>
<p>Having said that, what about this stunning performance by Jared Polis (D-CO) in the debate on the House floor today (July 28, 2011): 2½ minutes were yielded to Polis so he could present prepared remarks, equiped with a neatly-printed three-color chart showing yields and interest rates paid by countries rated AAA vs. AA. The bottom line in each column listed average interest rates as 3.75% for the countries rated AA (which is what could happen to the US as a result of this nonsense) vs. 2.98% for countries with a AAA rating (like the US has today).</p>
<p>In prepared remarks, with the poster facing everybody, Polis said that the difference between those interest rates is &#8220;1.75% &#8230; almost 2%,&#8221; and went on about how much this difference would amount to in interest payments on debts in the trillions over ten years.</p>
<p>With compound interest on that much over that long, even the difference between his &#8220;2%&#8221; and the actual .77% difference between the rates he was showing would be quite substantial!</p>
<p>How could anybody watching not have seen this? Apparently, the GOP Congressman who followed to answer him did not see it. I don&#8217;t know if anybody mentioned it after that.</p>
<p>Congress members have the privilege of correcting their floor speeches before they are permenantly published in the <em>Congressional Record</em>. I&#8217;ll be interested in seeing if this one does get corrected.</p>
<p>And these people are making the decisions about our nation&#8217;s finances?</p>
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		<title>Scott McClellan, &amp; Perino’s ‘Missile Crisis’ crisis</title>
		<link>http://twhit.wordpress.com/2008/05/28/mcclellan-perino-missile-crisis/</link>
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		<pubDate>Wed, 28 May 2008 17:39:51 +0000</pubDate>
		<dc:creator>Tony Whitson</dc:creator>
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		<description><![CDATA[From the Washington Post: Ex-Press Aide Writes That Bush Misled U.S. on Iraq By Michael D. Shear Washington Post Staff Writer Wednesday, May 28, 2008; Page A01 Former White House press secretary Scott McClellan writes in a new memoir that the Iraq war was sold to the American people with a sophisticated &#8220;political propaganda campaign&#8221; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=twhit.wordpress.com&amp;blog=391348&amp;post=12&amp;subd=twhit&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>From the <a title="Washington Post" href="http://www.washingtonpost.com/wp-dyn/content/article/2008/05/27/AR2008052703679.html" target="_blank">Washington Post</a>:</p>
<blockquote><p><strong>Ex-Press Aide Writes That Bush Misled U.S. on Iraq</strong></p>
<div id="byline">By <a title="Send an e-mail to Michael D. Shear" href="http://projects.washingtonpost.com/staff/email/michael+d.+shear/">Michael D. Shear</a><br />
Washington Post Staff Writer<br />
Wednesday, May 28, 2008; Page A01</div>
<p>Former <a href="http://www.washingtonpost.com/ac2/related/topic/The+White+House?tid=informline">White House</a> press secretary <a href="http://www.washingtonpost.com/ac2/related/topic/Scott+McClellan?tid=informline">Scott McClellan</a> writes in a new memoir that the Iraq war was sold to the American people with a sophisticated &#8220;political propaganda campaign&#8221; led by <a href="http://www.washingtonpost.com/ac2/related/topic/George+W.+Bush?tid=informline">President Bush</a> and aimed at &#8220;manipulating sources of public opinion&#8221; and &#8220;downplaying the major reason for going to war.&#8221;</p></blockquote>
<p>This shows the importance for the Cheney Administration of having staff of the caliber of McClellan&#8217;s current successor Dana Perino, who is blissfully lacking in the consciousness that could lead to such a betrayal of the Administration&#8217;s deceitful and conniving ways.</p>
<p>Remember this (also as reported in the <a title="Washington Post article" href="http://www.washingtonpost.com/wp-dyn/content/article/2007/12/09/AR2007120901336.html" target="_blank">Washington Post</a>)?:</p>
<blockquote>
<p style="text-align:left;"><strong>Perino&#8217;s &#8216;Missile Crisis&#8217; Confession</strong> . . . .</p>
<p>Appearing on <a href="http://www.washingtonpost.com/ac2/related/topic/National+Public+Radio+Inc.?tid=informline">National Public Radio</a>&#8216;s light-hearted quiz show &#8220;Wait, Wait . . . Don&#8217;t Tell Me,&#8221; which aired over the weekend, Perino got into the spirit of things and told a story about herself that she had previously shared only in private: During a White House briefing, a reporter referred to the Cuban Missile Crisis &#8212; and she didn&#8217;t know what it was.</p>
<p>&#8220;I was panicked a bit because I really don&#8217;t know about . . . the Cuban Missile Crisis,&#8221; said Perino, who at 35 was born about a decade after the 1962 U.S.-Soviet nuclear showdown. &#8220;It had to do with <a href="http://www.washingtonpost.com/ac2/related/topic/Cuba?tid=informline">Cuba</a> and missiles, I&#8217;m pretty sure.&#8221;</p>
<p>So she consulted her best source. &#8220;I came home and I asked my husband,&#8221; she recalled. &#8220;I said, &#8216;Wasn&#8217;t that like the Bay of Pigs thing?&#8217; And he said, &#8216;Oh, Dana.&#8217; &#8220;</p></blockquote>
<p>(See also: <a title="Illinois Reason blog" href="http://illinoisreason.wordpress.com/2007/12/11/sad-day-for-u-of-i-schools/" target="_blank">Sad Day for U of I schools</a>)</p>
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